Subscribe Feed (RSS)Drive-By List: SFH’s
March 22nd, 2008 by Connie | Filed under FSBO, New Plan.The New Plan means a change in our criteria. Specifically we’re able to look for homes further away from our target area for rental properties.
This week, these homes showed up on MLS.
Asking price: $31,500
3 bedrooms, 1 and 1/2 baths, 2 car garage
Initial impression: very sad looking little place on 1/2 acre in a growing area that would probably rent well if it didn’t sell. Interior photos show a few rooms in the middle of renovation (studs without sheetrock) which doesn’t scare us (much). Believe it or not, in this zip code, that hideous garage would be considered an asset. Even with minimal rehab, this place could sell with owner financing for $70K+.
Asking price: $34,000
4/2/2
Initial impression: This has been on the market awhile and has dropped from 54K in the last six months. The neighborhood’s okay, the lot’s huge, the interior stinks. MLS has pictures of nice built-ins in bedrooms and living areas but no pictures of the kitchen or bathrooms– wonder why (she said, tongue firmly planted in cheek). With owner financing, this would probably sell for 75-80K. If structural repairs aren’t *too* extensive, this might be an excellent candidate for the New Plan.
Asking price: 45K
2/1/0
Initial impression: A highly cropped photo like this is a bad sign– can’t imagine what the front of this house actually looks like. The neighborhood is good and it’s near the house above so we’ll drive by just for grins.
Asking price: 65K
3/2/3 carport
Initial impression: This was a steal and has already sold. The area is set for rapid appreciation and would sell for over 120K after repairs, easy. The listing said the home was a one person estate wanting a quick sale. Too bad…
Popularity: 21% [?]
I really like the looks of the 4/2/2 at $34,000
To bad on the lost property. You know there will be others. These are great.
Keep em Coming! : )
Darn, I hate it when I’m not the first to see a property and bid on it if it’s a steal. I have to remind myself of my buying philosophy - houses are like buses, if you miss one, another will be along in a few minutes.
However, I’m finding more opportunity (temptation?) to buy at the right price with foreclosures that have sat around with no bids. You have to pick through them like produce on special at the supermarket, but you have some time to look more carefully at the property and arm yourself for the battle with the asset manager.
Heavy sigh… in a few months we’ll be ready to move more quickly. The bus analogy helps, but dadgumit!
So irritating…
That 4th house is an area we haven’t worked much. It’s more rural with only 2 real estate companies and neither uses MLS. Most homes are sold via sign in the yard.
I’ll have to pry buttocks from couch to get things moving